I was just about to post about DRYS. The stock offering is going down much faster than anticipated due to high volume and share price holding up. Update expected from the company at roughly 23:00 after-hours. We will see the remianing shares that can be sold from the stock offering being cut in half in the past week.
Dilution/dumpage will end roughly a week from now. Book value will be close to $8.50/share.
How high the share price will go, depends on how forgiving the market is. But I think we will see $4 in the next two weeks. At which point I will sell half.
Place your bets now. And let's hope we don't get hit by some freakish event as usual ;-) I already bought more shares last wednesday, for 1.39.
Not sure if I should put it in SIAF or take a gamble with this DRYS you guys are talking about recently.
I like it. But one thing is sure is that you are getting volume, volatility, and action with DRYS that you are not getting with SIAF. DRYS could be a trading and investing vehicle.
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